March 17, 2017 BY LeapRate Staff

CySEC suspends license of forex broker BoursePro due to "Persons who effectively direct the business"

Cyprus financial regulator ended the week by issuing a temporary suspension of the CIF license of forex and binary options brokerage group Boursotrade Ltd. Boursotrade operates several brands including BourseBinary (binary options) and BoursePro (retail forex). CySEC's stated reasons for the suspension included non-compliance with: Persons who effectively direct the business of a CIF, and Capital…

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